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Topic: Russia Proposes Jail Sentence for Bitcoin Activities - page 4. (Read 5096 times)

legendary
Activity: 2296
Merit: 1014
Ministry of Finance is cracking down on cryptocurrencies in general, and this new proposal could just be the beginning of things to come


http://bitcoinist.net/russia-proposes-jail-sentence-bitcoin-activities/
They can try, but there are over 250 other countries that like bitcoin actually Smiley
Bitcoin is global, without borderds thats its strenght
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
http://www.coindesk.com/russian-minister-confirms-plans-to-ban-bitcoin-to-fiat-conversions/

I expect BTC to be more and more successful in Russia. Well, if the law don't change again.
The plan right now is to ban exchanging BTC to rubles. That means the few Russian people who own BTC will have o keep them, and that's good. Who wants rubles anyway? Russian currency has always been seen as junk money outside of Russia. Better have BTC by far.
legendary
Activity: 1610
Merit: 1183
The stopping of technology because of gov agendas is always sad to see. I can see how they will stop automation of a lot of jobs because it threatens unemployment. We should be happy that technology can replace a lot of dangerous/boring jobs, but of course this creates problems within the system, that's why I think a lot of things will change in near future and money is one of them.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
Watching technology outdo governments is always a beautiful sight. They feel like pathetic ants trying to deal with an alien artifact that is disturbing their environment. These guys will never learn that you cannot stop progress no matter how much you try to ban it, but I guess they still haven't learned after the internet became unstoppable worldwide.

Well that seems to be always the case: governments trying to hinder—or stop completely—the growth of technology that could change the way Man looks into the world. They always want to assume control over the people that is under their power. Bitcoin has done just that, and they want it to stop before it turns all out against them.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
Watching technology outdo governments is always a beautiful sight. They feel like pathetic ants trying to deal with an alien artifact that is disturbing their environment. These guys will never learn that you cannot stop progress no matter how much you try to ban it, but I guess they still haven't learned after the internet became unstoppable worldwide.

A year or two ago this story would have concerned me, but now it seems relatively amusing.
hero member
Activity: 672
Merit: 503
Watching technology outdo governments is always a beautiful sight. They feel like pathetic ants trying to deal with an alien artifact that is disturbing their environment. These guys will never learn that you cannot stop progress no matter how much you try to ban it, but I guess they still haven't learned after the internet became unstoppable worldwide.
newbie
Activity: 84
Merit: 0
Is the Russian government run by idiots? If this story has any truth then I have no doubt that Russia would be made obsolete in the future and will probably become a slave to US/EU going forward.
sr. member
Activity: 574
Merit: 250
headline should read:

"Russia bans science"

... along with cheese.

http://edition.cnn.com/2015/08/20/europe/russia-war-on-cheese/
legendary
Activity: 3248
Merit: 1070
this is strange, i remember that they were pro bitcoin last time when they removed the ban, and suddenly, they change their mind, for now another trash thinking about children abuse and how it may be connected to bitcoin?

or drug with bitcoin, and shit like that? because they cannot contorl it? well guess what dear russia, bitcoin is decentralized
hero member
Activity: 770
Merit: 500
✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪
The thing is about control IMO. Russia has a lean to control everything in their citizens lives. Bitcoin is not easy to control, so better to ban it.
legendary
Activity: 1582
Merit: 1064
Small correction. It is not proposing jail sentences.
It is proposing enhancing the jail sentences from 2 years to 4 years.  Tongue
legendary
Activity: 3906
Merit: 1373
The thing that we need to remember is, there is no governmental regulation of anything except people.

What exactly is governmental regulation of people? It is the few regulating the many.

I am not in favor of revolt. What I AM in favor of is, people determining what or who their government is... even if it is only they, themselves, governing themselves, on an individual basis.

Why do we each need to be part of a government besides the one that we are ourselves? Because we are not strong enough in this world and life to live without help. We help each other.

What should we do about a dictatorial government that is against us? First, we need to recognize it. Second, we have to decide if we are better off with or without it. Next, we need to evaluate the ways to get out or to change it. Guerrilla warfare is often the best way to leave an oppressive, aggressive government. Not direct fighting guerrilla warfare. Rather, peaceful change guerrilla warfare.

Read The Moon is a Harsh Mistress by Robert Heinlein. Find the place within that describes how to build a safe, "cell oriented," underground network, and change government from within. In our day of electronic communications, this can be done safely and easily, if we do it right.

When the cell system becomes the government, the old government comes crashing down.

Smiley
legendary
Activity: 924
Merit: 1000
TokenHouse decentralized cryptocurrency exchange
Luckily Bitcoin doesn't need Russia.
legendary
Activity: 1904
Merit: 1074
Did you see the impact this has on the Bitcoin price? Me neither... the world of Bitcoin goes on without them, and the price just crossed the $300 mark.  Grin

Russia most probably need this technology the most... well the people does.. the politicians and the policy makers on the other hand, have other ideas... and while these people

are in control, Bitcoin will struggle. Let freedom rule, where freedom are welcomed.  Roll Eyes
legendary
Activity: 1372
Merit: 1252
It is literally impossible to jail everyone who owns Bitcoin. Bitcoin transactions don't give locations and information about the owner. Even if they ban all Bitcoin related sites and IP, people would find another way to by pass it (e.g. through tor). Banning businesses is a whole different story. It could at most hinder the acceptance there.

Well it wouldn't stop Bitcoin from growing, look at the adoption graphs. An underground culture of Bitcoin would start happening. Look at the drug underground culture it's huge. So huge numbers can happen outside of law. Of course ideally I would like to see it accepted at mainstream level, but you can't reason with the nutjobs in charge.
legendary
Activity: 1722
Merit: 1000
It's Russia lol.  Almost like NK if you don't shit the proper way it's jail for life.
Q7
sr. member
Activity: 448
Merit: 250
I'm not sure how they are going to implement the control measures and the more they overdo it, people will even crave more and treasure cryptocurrencies. I don't understand why it reaches up to that level for them to make that decision. Obviously they see it as a threat.
legendary
Activity: 2170
Merit: 1427
I believe Russia just want to go against the mainstream after EU rules bitcoin is a currency.

Mostly this. They are constantly changing the way they see Bitcoin and I don't even take this "Jail proposal for Bitcoin usage" serious. Next year we'll see them change it into something else. And the year after that we'll probably see them welcome Bitcoin with open arms again  Cheesy
legendary
Activity: 952
Merit: 1005
--Signature Designs-- http://bit.ly/1Pjbx77
Russia's stance on bitcoin swings from extremes faster we can follow. First, there was a complete bitcoin ban in 2014. Then it was passing a bill to regulate bitcoin in early 2015. In June, sources quote that Russian Central Bank will welcome bitcoin and now "Jail Sentence for Bitcoin Activities"? I believe Russia just want to go against the mainstream after EU rules bitcoin is a currency.
legendary
Activity: 1442
Merit: 1016
As I said a few times banning will not help. Sooner or later they will have to deal with it in one way or the other.Because if they don't they will get left behind.Time is running and world is changing.This is the nature of evolution.And while the public will get criminalized using Bitcoin the political and financial Elite of the country will be the ones hoarding it on the quiete.
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